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is not buying it. and some economists are now saying that there's a shadow economy that could explain why the retail sales are rising despite static credit spending and paychecks. an explanation at last. at it all ahead unless breaking news changes everything. >>> from fox, at 3:00 in new york city, seven u.s. marines are dead and several others hurt after a training exercise in nevada. it happened at hawthorne army depot there last night. the military uses that base to store weapons and train troops. according to military sources, large mortar, like the one you see hour, somehow exploded. officials describe frantic scene. it was 45-minute chopper flight to the nearest trauma center in reno. today the white house says the president is watching the developments. >> the president's thoughts and prayers go to the families of those who were lost and those who are injured. we're obviously in the early stages of assessing the incident. it's a tragedy, clearly, and the president was briefed immediately on -- and made aware of it immediately and briefed on it, and we're monitoring the situation.
within striking distance of the all-time high. is the economy turning the corner or is at market bubble? >> plus, report hack of the first ladies, vice-president and jay-z, apparently including kanye west, bill gates, and others. a knew travel night mar for folks aboard the carnival dream ship. >> our 401ks are on track for another historic day, continuing a winning streak like, well, we haven't seen in the better part of 16 long years. a live look. there's the big board. on the corner of wall and broad. wow, up 62-points. they do you has been running on all-time high, and news that new unemployment claims fell last week to a five-year low. of course, a lot can change in this final trading hour, but if it stays in the green it would extend the dow's rally to ten days, brand new record high. as i mentioned. just take a look how the dow has taken off this month. wasn't long ago that folks celebrated crossing 14,000, and now it's holding steady 500 points higher than that. charlie joins us here on the set. what's the school in. >> we should point out that 14,000 is where it was in 2007 bef
. above 14,500. traders reacting to the word the federal reserve will take more steps to boost the economy through the program of buying up $85 billion in treasury and mortgage bonds. but the trouble in cyprus could threaten markets. officials are trying to find a new way to keep their own economy afloat after the parliament rejected a bailout that would have taxed its own citizens' bank accounts. the banks are closed the rest of the week. >>> where are we with this situation? >> in a standstill when it comes to cyprus. the parliament is betting the european union and central bank will not cut them off for -- not going through with the plan to tax deposits. they have almost a week to negotiate. next tuesday is when the banks open up. in the back channels with russia on financial support, so it seems they're hoping they can find a stopgap. >> shepard: what i didn't understand was the real problem with this situation in spy russ is the russians, who have been laundering money, have stashed so much money in the banks, the banks are bigger than the economy in the country. so they could have ta
economy on the poorest. and that is something that i think is a real hallmark of his stewardship and something we'll want to see how he brings that conscience and that economic understanding to the papacy. >> shepard: 500 million catholics in latin america. it's been a. >> did you're trying to send a couple of messages, it seems -- with divine inspiration picked a man of and by and for the people, if you will, and have also said latin america, we recognize you. >> i think that's exactly right. i think when he greeted everyone with buenos aires and there was -- just that thunderous wave of applause in st. peter's square, it said it all. the catholic church has gone through tremendous scandal, tremendous strain. it's suffering. it's had a deep moral and economic crisis, and it's looking for someone to lead it through to a new beginning. i think hearing those words, buenos aires, was the first harkening of that change. or at least a recognition that hope is very strong out there for change. we'll see how this pope takes on the extraordinary task of reforming a catholic church that's
? >> there are a couple of other factors. the economy has a lot more room to improve. we have made some things but we have seen confidence return. housing market is starting to show small signs of recovery. government spending, it's there, yes, we have a gridlock on capitol hill. that is one thing that keeping consumers back and the reason they haven't been participating in the market. overall the market are doing well. what you are not seeing the little guys participating. big guys.... >> gregg: i'm waiting for the bubble to burst. >>> eventually. >> gregg: we might be buying at the top. [ laughter ] >> gregg: shibani, thanks very much. big political conference heading into the rally speech. highlights from mitt romney and more from chris wallace coming up. you want to see something cool? snapshot, from progressive. my insurance company told me not to talk to people like you. you always do what they tell you? no... try it, and see what your good driving can save you. you don't even have to switch. unless you're scared. i'm not scared, it's... you know we can still see you. no, you can't. pretty sure we c
Search Results 0 to 4 of about 5